November 14, 2006

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> BRAND NEW INDUSTRY NEWSLETTER--JUST FOR YOU!

MSCPA is proud to provide our members in business & industry your very own online newsletter.  This CPAs in Business & Industry E-News replaces the general MSCPA Online Newsletter and will be emailed to you on the second and fourth Tuesday of every month.  Online newsletters are also being produced for CPAs in public practice and also for our CPA young professionals (public practice is sent on the first and third Tuesdays; young professionals on the second and fourth).  As a member in business & industry, you automatically receive this newsletter.  If you wish to subscribe to the two other newsletters, please do so at the link below.

http://www.mocpa.org/Content/newsletter.aspx

> New MSCPA Website!

Along with our new member segment online newsletters, MSCPA has also launched a new, significantly enhanced website.  Among the new features of the website are a brand new design, friendly navigation, new member segment sections, RSS feeds, and a Find-A-CPA Directory!

http://www.mocpa.org/

 

> Register Now For The MSCPA Industry Networking Roundtables
The Business & Industry Advisory Council is proud to present a continuation of a program designed specifically for CPAs in industry! Make plans to attend the upcoming Industry Networking Roundtables! Take advantage of this opportunity to meet other CPAs in the industry sector, exchange ideas, and discuss the challenges you face daily. http://www.mocpa.org/Content/22188.aspx
 


> Nominate A Business & Industry Hall of Famer!
MSCPA is calling for nominations to the Missouri Society of CPAs and AICPA Business and Industry Hall of Fame Awards. Nominations are due by March 30, 2007. The Hall of Fame is made up of a very select group of people who have all, in their own way, made superior achievements and contributions over the course of their careers as financial professionals. http://www.mocpa.org/Content/22189.aspx

 

> MSCPA Would Like To Thank Your Bosses!
The mission of the Missouri Society of CPAs is to support its members in a dynamic business environment. As part of that mission, MSCPA would like to communicate to your company how much we value your commitment to the association and the profession. Log on to your member profile (http://www.mocpa.org/Content/Login.aspx) and tell us to whom we should direct this communication. Your user ID is your last name and your password is your member number.

 

> Helpful Links for CPAs in Business & Industry
MSCPA has compiled a list of websites that will be of interest to corporate financial professionals. This list will be updated often so bookmark it for future use!
http://www.mocpa.org/Content/22256.aspx

 

> Volunteer To Help An Aspiring CPA!
Industry CPAs Are Needed For the LEAP Job Shadowing Program
National Groundhog Job Shadow Day is a nationwide initiative dedicated to giving students a unique opportunity to "shadow" a workplace mentor as he or she goes through a normal day on the job, getting an up-close look at how the skills learned in school. On February 2, 2007, the Missouri Society of CPAs will mobilize member firms and businesses to open their doors to students. Nationwide, more than one million students and 100,000 businesses participate.
http://www.mocpa.org/Content/22277.aspx

 

> IRS Provides Guidance on Per Diem Expense Reimbursements Paid By Employers
The IRS issued guidance emphasizing the need for employers to track the amount of expense reimbursement allowances paid to employees on a per diem basis.
http://www.irs.gov/newsroom/article/0,,id=164208,00.html


> Survey: Financial Execs Support SEC's Compensation Ruling
A majority of financial executives endorse the Securities and Exchange Commission’s new requirements for the full disclosure of executive compensation, according to a survey from Oversight Systems.
Get details here.
http://www.oversightsystems.com/news_events/release_SEC_New_
Ruling_Compensation.php
 

 

> SEC Offers Small Companies Further Relief From SOX 404
The Securities and Exchange Commission has issued two releases to grant smaller public companies and many foreign private issuers further relief from compliance with Section 404 of the Sarbanes-Oxley Act of 2002. The relief is in furtherance of the next steps for Sarbanes-Oxley implementation announced on May 17, 2006, and includes some new initiatives not previously announced. Get details here:
http://www.sec.gov/news/press/2006/2006-136.htm


>  Eight Core Competencies To Maintain An Effective Financial Department
Today's CFOs are now responsible for building shareholder value through leadership as both chief corporate steward and strategist. On the stewardship side, the CFO is accountable for managing and controlling overall corporate risk, confirming regulatory compliance and delivering information to the various stakeholders that is accurate, timely, relevant and transparent. As a strategist, the CFO plays a leading role in building and executing the overall corporate strategy, confirming that revenues and margins continuously improve while costs are tightly controlled. Deloitte presents a closer look at how CFOs organize these core stewardship and strategist roles. Read the interactive article here:
http://www.deloitte.com/dtt/article/0,1002,sid%253D15527%
2526cid%253D109943,00.html?WT.srch=1&WT.mc_id=USGoogleCFO&gclid=CJ2ZvsSuxo
YCFTdZFQodn16apw

 

> Is Your Business Intelligence Like Everyone Else's?
The secret to being better at BI than others--not just being like others--lies in actually knowing what one is doing and thus what else is needed in order to further drive the business. Gabriel Fuchs takes a closer look in this Business Intelligence Network article. Read it here:
http://www.b-eye-network.com/newsletters/ben/3090

 

> Many CFOs Fault CPA Service
Finance managers say their company's CPA firms could be doing a better job. CPA2Biz's Rick Telberg takes a closer look. Read the article here: https://www.cpa2biz.com/News/Columnists/Telberg/Who+Loves+Ya.htm

 

> What's Wrong With Outsourcing (And How To Fix It)
By avoiding the mistakes they made when handing off HR and IT processes, companies can score a big win with finance and accounting outsourcing and offshoring. Business Finance's Eric Krell takes a closer look. Read the article here:
http://www.businessfinancemag.com/magazine/archives/article.html?articleID=14665 

 

> Enterprise Systems And Revenue Recognition: The Missing Link
The findings from a survey of 685 business leaders about the need for improvements in their finance processes show that 92 percent of companies are using spreadsheets for key revenue accounting and reporting activities. This is due to a lack of functionality in existing enterprise financials / ERP infrastructures and results in an increased chance of control weaknesses and accounting errors. The survey was presented by RevenueRecognition.com in association with IDC.
Download the results here: http://www.softrax.com/mk/get/resource_themissinglink
 

 

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Technology & Productivity Weekly is a membership benefit and is
intended for your personal use only.

This Week's Headlines

Designing Web Sites That Stand Out
The Security Horizon: What's in Store for Small Business
Digitize Your Snail Mail
On the Job: Telecommuting Can Be a Success With Ground Rules
Wireless Options: Opportunity Knocks
Smart Email Security for SMBs
A Web Site to Call Your Own
Get Smart: Forget PDAs and Cell Phones
Review: Office Live a Big Deal for Small Businesses
How to Make Your SMB Look Like a Player
Securing Your Data
Worst Case Scenario


CPE 2006

For CPAs in Business and Industry

Please note: All courses listed are 8 CPE hours unless otherwise noted.

Seminars:
The Identity Theft Epidemic: What You Need to Know to Protect Your Employees, Your Clients and Yourself

December 14, 2006--Kansas City, MO

2 CPE Credit Hours

 

Cash & Tax Basis Financial Statements--Preparing & Reporting

December 18, 2006--Kansas City, MO

 

Small Business Retirement Plan Review: New Roth 401(k)s, KEOGHs, Traditional 401(k)s, IRAs, SEPs, & SIMPLEs

December 18, 2006--St. Louis, MO

 

How to Explain & Present Financial Information to Non-Accountants

December 18, 2006--Cape Girardeau, MO

December 19, 2006--St. Louis, MO

 

Auditor's Risk Assessment Process: Tackling the New Risk Assessment SASs

December 19, 2006--Kansas City, MO

 

The Leadership Secrets of Football’s Master Coaches

December 20, 2006--St. Louis, MO __________________________________

Technology Tip of the Week

Provided by the MSCPA Information Technology Committee

Create A Formula For Entering A Series Of Incremental Times In Excel

Suppose you're working in Excel and need to record the price of a certain stock every 15 minutes as it is traded over a period of five hours. Rather than manually typing in the time for each recording, you can use a formula to quickly and automatically fill in the time increments for you. More...

 

To view recently archived issues of "Technology Tip of the Week," go to: http://www.mocpa.org/Content/22269.aspx


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Contact Us

For comments or questions, contact:
Dawn Martin - dmartin@mocpa.org
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newsletters/news111406bi.html

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Missouri Society of CPAs
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St. Louis, MO 63141


© 2006 Missouri Society of Certified Public Accountants - All Rights Reserved